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The impact of DC (defined contribution) scheme structure and communication policies: a bounded rationality framework
(2015-09-11)
Concepts from bounded rationality, particularly biases, are frequently used to
explain the successes and the failures of pension scheme defaults. This
research suggests that pension literature has focused on pension ...
Pension scheme defaults: questionable foundations and unconsidered outcomes
(2015-03-27)
Inertia, the behaviour of doing nothing and allowing the current situation to prevail, is
reported in many empirical pension studies. However, the reasons for the behaviour are
not agreed. Various explanations include: ...